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 Mortgage News Daily - Mortgage And Real Estate News
Mortgage Delinquency Rate Hits 29-Year High in Second Quarter of 2008 - 16 hours ago
Mortgage delinquencies for U.S. homes in the second quarter of 2008 moved up six basis points from the previous quarter to 6.41% of all loans outstanding, marking a 29-year high, according to the MBA's National Delinquency Survey released Friday. Read More Now
Study Says U.S. 'Housing Bubble Has Popped' - 18 hours ago
A report on housing prices by Global Insight says that although prices for single-family homes are still heading downwards across the country, the rate of decline has gone down and "extreme overvaluation of house prices is essentially non-existent." Read More Now
Friday's Events: U.S. & Canadian Employment Reports; Ivey PMI - 18 hours ago
The Canadian and U.S. employment reports for August followed by the Canadian Ivey PMI will be today's main highlights for North America. In the afternoon, markets will also hear from San Francisco Fed President Janet Yellen (non-voter). Read More Now
August Nonfarm Payrolls Decline 84k, Unemployment Rate at 6.1% - 18 hours ago
U.S. nonfarm payrolls declined for the eighth straight month, falling more than expected by a total of 84k jobs in August, according to the Bureau of Labor Statistics on Friday. The unemployment rate was pushed up four-tenths to 6.1% (6.055%), well above expectations that it would remain at 5.7%.
Fed's Fisher Says Inflation Might Not Moderate - 1 day ago
The most hawkish voting member on the Federal Open Market Committee said on Thursday that it's unclear whether slow growth will moderate inflation into 2009, and said there are even odds that inflation will accelerate from its current level. Read More Now |
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